Today is bonus communication day at DB and while there are no specifics to be had just yet, apparently those hoping their decision to do the bare minimum last year would be handsomely rewarded were in for a disappointment.
“FYI: Total comp flat to down from last year. Hearing bad things for mid-to-low performers but on the bright side, it was rumored no one would get a salary bump but they came through on the increases.”
Earlier: Bonus Watch ’12: Deutsche Bankers Cannot Believe This Is Happening To Them
WORST PLACE TO WORK EVER
Tell us more..
-Jain
Stunningly informative. Was really wondering if comp would be flat, down or up this year.
Hourly pay at 150K/year: ~$40/hour
3 Starbucks grande coffees a day for a year ~$8K
Salary increases from last year at DB – $0K
Delaying the US bonus communication until its too fucking late for your employees to leave – PRICELE$$
- German based DB MD
Recently laid off?
um, it says they DID get salary increases.
other than that I have no concerns.
At least UBS knows it sucks
I think he was referring to Matt's complaint about a $0 increase in salary at DealBreaker.
Could be worse, you could have worked at UBS or Jefferies
http://dealbreaker.com/2011/12/bonus-watch-11-jef…
This year's bonus is split between bratwurst and Currywurst.. first come first serve at DB cafeteria.
"Hearing bad things for mid-to-low performers"
Come to the dark side. You won't have to ever worry about performing (or not).
-Director of Recruiting for U.S. Federal Government
Speak for yourself. It takes a special kind of person to make it past 6 hours of our kind of work. We find mid-to-low performers quickly develop repetitive stress injuries and soon wash out
-SEC HR
You would "do the bare minimum" if you saw the pieces of flair they have at that place.
anybody got any numbers for A4?
What about vp's? What did they make?
Better ratings and worst compensation…
Higher Earnings and Higher EPS compared to 2010, Hmm I wonder who's actually getting paid…
anyone with vp numbers? how about international equities? thanks
DB is a den of snakes and thieves… mark my words it will implode after what they just did to staff… kiss your revenue targets goodbye!!!
I've got mid-level staff already telling my to fuck off if I think they are doing any work… DB MD
Thanks Anshu !!!
BULLSHIT is all I have to say… I handed out bonus grenades to the hardest working bunch of VP's I've ever worked with, yet an incompetent "friend" of the boss joins the ranks as a new MD.
News flash – DB employees to sit on hands through summer 2012 and turn off Blackberrys after 7pm in effort to boost DB's going-green initiatives. Solar panels, waterless urinals and other green-tech expenditures deemed insufficient by Ackermann.
Snitzel for everyone yaw'll… now please pass the vasiline.
If you're upset, go kill yourself.
Every time a banker dies, a butterfly dances round my heart.
Remember that DB douche-bag who jumped? Amazing!
I guarantee it will make fuck all difference.
Stop perpetuating the 'talent' myth.
Jeez – I'm a VP at a top bulge bracket and it's NOT FUCKING HARD to do this stuff.
There are thousands and thousands of qualified robots.
My ex, an MD at 60 Wall, showed his 2012 comp number to our lawyers on Jan. 25th, trying to use it as leverage in child support negotiations. Did any other MDs at DB get such any early preview?
This comment thread is so BS. Anyone has any actual numbers or just fucking around in your minds?
Tell me, much revenue do you generate?
Defer your work in equal proportion
More than you.
Hence you're underpaid and I'm massively overpaid by any sensible yard-stick.
DB Bonuses sent to Greece as part of Merkel's bailout
Clearly your a low level performer with no concept on how to run a business beyond what goes on in your cube. Kind of tuff to deals with a room full of chiefs but no indians isn't it? Please enlighten me with more wisdow oh mr/ms buldge bracket VP…
Revenues up 150%
Bonus Down 50%
30% Cash – 70% Stock
More exposure to Eur FX
PRICELESS !!!
Wow – so aggressive. And so many typos. No wonder you're angry.
I'm a mid-to-high-level performer. I get paid more than enough to have two nice houses, eat wherever I want, go on holiday wherever I want, buy fancy cars and send my kids to good schools.
Grow up, the world has changed. Let's stop pretending we're some precious resource – we're a bunch of people doing a technical job and we're easily replaced.
Sorry to ruin your world.
Talent will leave at any opportunity. Mgmt is literally the worst in the biz. Any DB business card that says "Head of .." should be promptly used to wipe feces off your pooper. Place is a laughingstock.